- FASP provides means-tested financial assistance to needy full-time students pursuing locally-accredited, self-financing post-secondary education programmes at the level of associate degree, higher diploma or degree. The scheme aims to provide financial assistance to needy students so that no eligible students will be denied access to post-secondary education because of lack of means.
- Financial assistance is provided in the form of grant and / or loan. The maximum level of assistance is made up of: (i) tuition fees grant (ii) academic expenses grant and (iii) living expenses loan. Living expenses loan is interest-bearing at 1% per annum chargeable from the commencement of the repayment period. In addition, eligible undergraduate students would be provided with hostel subsidy, and students with special educational needs would be provided with additional academic expenses grant. The ceilings of the aforementioned assistance will be reviewed annually. Please refer to the Level of Financial Assistance for details.